"It was—very," he replied dryly.

I made no answer, and after a moment he said:

"I presume you were thinking about our matters?"

"They were not out of my thoughts all day, and have kept me awake all night. I could wish I had never heard of them!" I exclaimed sharply.

"I suppose it is rather a big thing for you to decide?" he said, with a laugh; and then added quickly, "I presume you have decided, though? We shall expect to know to-night definitely."

"I am disposed to advise my cousin to join you and go on; but it may be nervousness, or that I am unused to such weighty affairs—whatever it is, I scarcely know how to answer."

"Well, you have had five or six days, you know."

"I've had to change all my views. I came to Munich with the conviction that such a scheme must fail, and could only end in disaster or, perhaps, worse."

"And now?" he asked, eyeing me sharply.

"I see the risks are enormous; but success seems much more probable than I thought. Indeed, if all is as it appears to be, I don't see where failure can come. I was trying to see that all day yesterday."